Operational Risk

Operational Risk

BSP Proposes Revised Basel III Operational Risk Rules for Banks

By Sanday Chongo Kabange | 05/06/2025

The draft rules outline updated standards for operational risk capital, replacing existing approaches with a single “business indicator” metric.

Conduct, Culture & Accountability

South Korea’s FSS Sanctions Insurers for Control Deficiencies

By Thisanka Siripala | 05/06/2025

FSS finds deficiencies in contract governance, claims handling, and data usage at three major non-life insurance companies.

Clearing & Post-Trade

Europe’s Move to T+1 Settlement Will Impact Firms Globally

By Manesh Samtani | 05/06/2025

New report by Firebrand Research and DTCC reveals complexities of Europe’s move to T+1 settlement. Firms in Asia and elsewhere will face particular challenges related to automation.

Conduct, Culture & Accountability

FSS Korea Flags Excessive Bonuses, Weak Oversight Across Financial Sector

By Nithya Subramanian | 02/06/2025

The FSS is tightening scrutiny of bonuses across the financial sector amid concerns over risk and short-term incentives.

Conduct, Culture & Accountability

Thai SEC Suspends KGI Securities and Execs Over IPO Due Diligence Lapses

By Mark Johnston | 25/05/2025

The SEC order suspends KGI’s approval to act as a financial advisor and suspends two individuals from acting as operations controllers for one year.

Credit Risk

FSC Korea Launches Regulatory Review of Savings Bank Regulations

By Nithya Subramanian | 24/05/2025

The review will consider introducing differentiated regulations based on bank size and easing restrictions on lending.

Reporting & Disclosures

ASIC Tightens Audit and Sustainability Scrutiny for FY2025–26

By Thisanka Siripala | 23/05/2025

ASIC shifts to randomised audit file selection while enforcing first-time mandatory climate disclosure compliance.

Capital Adequacy

BCBS Remains Focused on Basel III, Third-Party Risk

By Manesh Samtani | 23/05/2025

Basel Committee remains focused on timely Basel III implementation and will finalise third-party risk principles by year-end.

Cloud & Infrastructure

HKMA Links Commercial Data Interchange to Land Registry

By Sanday Chongo Kabange | 22/05/2025

The linkage allows banks to search land and ownership information for property valuation, mortgage and loan assessments.